Spectranetics ( SPNC) develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. This stock is trading up 3% at $18.85 in recent trading.
Today's Volume: 1.88 million
Average Volume: 181,521
Volume % Change: 1,302%
Average Volume: 941,771
Volume % Change: 275% >>5 Big Names to Trade for Earnings Season From a technical perspective, CSTR is trending higher here right above its 50-day moving average at $55.11 with heavy upside volume. This stock briefly broke out above some near-term overhead resistance at $59.31, but it has since then pulled back to its current price near $56. At last check, CSTR has hit an intraday high of $59.48, and volume is well above its three-month average action of 941,771 shares. Traders should now look for long-biased trades in CSTR as long as it's trending above its 50-day at $55.11 and then once it sustains a move or close above those breakout levels $59.31 to $59.48 with volume that hits near or above 941,771 shares. If that breakout triggers soon, then CSTR will set up to trend higher towards $65 to $67.50.
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